Disbursement means paying out money. The term disbursement may be used to describe money paid into a business’ operating budget, the delivery of a loan am...

There is no stamp duty on transfer of securities held in the electronic form. Liquidity of shares: Demat Accounts have made it simpler, faster and conveni...

Governors Governor Previous position Term end Charles Chukwuma Soludo Chief Executive, National Planning Commission 29 May 2009 Sanusi Lamido Aminu Sanusi...

Event may or may not require two or more persons but transactions require atleast 2 persons. Events may not bring financial change but transactions defini...

A branch manager is an employee who oversees the operations of a branch of a bank or financial institution. Branch manager’s responsibilities include mana...

How to write a formal letter Write your name and contact information. Include the date. Include the recipient’s name and contact information. Write a subj...

Banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money i...

The primary goal of a bank is profit maximisation. What is considered as primary motive of commercial bank? The primary function of commercial banks is re...

Summary. Keeping all your money in one bank does offer convenience — you can run all your errands by visiting one branch and you don’t have to manage mult...

Note that under a separate reporting requirement, banks and other financial institutions report cash purchases of cashier’s checks, treasurer’s checks and...